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Shares of BlackBerry (NASDAQ:BBRY) have been given an average rating of “Hold” by the thirty-seven brokerages that are presently covering the company, Analyst Ratings Network.com reports. Eight investment analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.90.

A number of analysts have recently weighed in on BBRY shares. Analysts at Wells Fargo & Co. reiterated a “” rating on shares of BlackBerry in a research note on Thursday, July 31st. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BlackBerry in a research note on Thursday, July 17th. They now have a $10.00 price target on the stock. Finally, analysts at TheStreet reiterated a “positive” rating on shares of BlackBerry in a research note on Wednesday, July 16th. They now have a $11.31 price target on the stock.

Shares of BlackBerry (NASDAQ:BBRY) opened at 9.415 on Wednesday. BlackBerry has a 1-year low of $5.44 and a 1-year high of $11.65. The stock’s 50-day moving average is $10.11 and its 200-day moving average is $8.91. The company’s market cap is $4.889 billion. BlackBerry also saw a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 88,526,319 shares, a decline of 4.7% from the July 15th total of 92,926,346 shares. Based on an average trading volume of 19,752,253 shares, the short-interest ratio is presently 4.5 days. Approximately 18.1% of the shares of the stock are short sold.

BlackBerry (NASDAQ:BBRY) last posted its quarterly earnings results on Thursday, June 19th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.74. The company had revenue of $966.00 million for the quarter, compared to the consensus estimate of $976.25 million. During the same quarter last year, the company posted ($0.13) earnings per share. BlackBerry’s revenue was down 68.5% compared to the same quarter last year. On average, analysts predict that BlackBerry will post $-0.61 earnings per share for the current fiscal year.

BlackBerry Limited, formerly Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.

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